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Monday, April 6, 2020

Gottlieb: FDA needs to up pace on COVID-19 drugs

Scott Gottlieb has called on the FDA to deploy regulatory tactics honed on rare and deadly cancers to help get a treatment for COVID-19 to market by the summer. Gottlieb thinks the industry needs to hit that timeline if the U.S. is to both restart its economy and avoid a new epidemic in the fall.
With even the most optimistic forecasts suggesting limited availability of vaccines this year, drugs are the best hope of fighting back against SARS-CoV-2 in the near term. Recognizing that, Gottlieb, a former commissioner of the FDA, wants government and industry to go all in on getting a therapeutic to market by the summer.
Writing in The Wall Street Journal, Gottlieb sketched out how the FDA could use approaches such as real-time reviews, which enable the regulatory evaluation of data from ongoing clinical trials, to cut the time it takes to get drugs against COVID-19 to patients.
The FDA has honed these approaches in recent years to accelerate the development of treatments for rare diseases, meaning it has the tools in place to speed COVID-19 drugs to market. However, the FDA may also need a clear signal of political support for the use of the tools.
“FDA’s senior career scientists need the firm backing of political leadership to apply these and similar scientific approaches to COVID-19,” Gottlieb wrote.
Gottlieb sees two pools of products that could, with the benefit of a regulatory fast track, come to market in the summer. Gilead’s remdesivir is leading one of the pools, which consists of repurposed antivirals. Remdesivir has shown potential in preclinical studies and compassionate use cases and is at the head of the race to market.
Yet, Gottlieb’s op-ed spends more time discussing the antibodies in development. Those assets are less advanced than remdesivir, with Regeneron aiming to be in humans in June, but as an established approach to treating and preventing infectious diseases antibodies are seen as a very promising way of getting a handle on COVID-19.
The timing of the first approvals matters. As Gottlieb notes, while a combination of the current social distancing efforts and higher temperatures could see COVID-19 cases slump over the summer, people will remain concerned about a resurgence in the fall. An effective drug could help change that, enabling the U.S. economy to get back into gear without risking a second epidemic.
With Kevin Warsh, a former Federal Reserve governor, estimating the availability of a drug against COVID-19 could restore $1 trillion in economic activity, Gottlieb wants government and industry to do whatever it takes to get such a medicine to market.
“It’s time to place some firm bets and put resources behind these experimental treatments,” Gottlieb said.

Arrested, Jailed For Violating Coronavirus Stay-At-Home Mandates

Local police in the U.S. are arresting people who fail to comply with social distancing and stay-at-home orders. The American Civil Liberties Union cautions against this practice, saying jail time is potentially more dangerous, as it could expose detainees to COVID-19 and may disproportionately affect minority communities that are already highly policed.
  • A 25-year-old man was arrested and charged with a misdemeanor on Saturday in Cincinnati for allegedly violating the governor’s “stay-at-home” order after posting a video on Instagram Live showing an outdoors gathering, which he narrates, saying: “We don’t give a [expletive] about coronavirus.”
  • In nearby Toledo, two people were separately arrested Sunday: one for allegedly failing to disperse from a gathering of 20-plus people; the other arrest was a woman apparently among a group of 50, but “the circumstances surrounding the arrest or the reason for the crowd were not immediately available,” according to TV station 13ABC.
  • Eight abortion protesters (who were originally part of a 50-person group) in Charlotte, North Carolina were arrested outside A Preferred Women’s Health Center after refusing to comply with officers orders to disperse, Charlotte’s 3 WBTV.
  • Nine people have been arrested in Hawaii for violation of stay-at-home orders, which can result in up to one year of jail time and a fine of no more than $5,000, according to local news site West Hawaii Today.
  • A paddleboarder in Malibu, California was arrested on Thursday after allegedly ignoring lifeguards’ requests to come ashore on a closed beach, paddleboarding for at least 30 minutes, according to the LA Times.
  • In Lancaster County, Pennsylvania, two people drinking alcohol on the street who allegedly refused to comply with officers’ orders to disperse were arrested for violating the state’s stay-at-home order, which carries a $200 fine, and alcohol charges, according to LancasterOnline.
  • Though social distancing-related arrests is a new and relatively rare practice with little data, the ACLU is concerned: “This will be enforced disproportionately in black and brown communities because that’s where the police already are,” Carl Takei, Senior Attorney at the ACLU who focuses on police practices, told Forbes.“The good news is that many jurisdictions have stated they are not using arrests as the primary means of enforcing these orders. Arresting people for violating a public health order is something that actually harms public health.”
Key Background: With the exception of Arkansas, Iowa, Nebraska, North Dakota, Oklahoma, South Carolina, South Dakota, Utah and Wyoming, all states have mandated stay-at-home orders for all non-essential outings and non-essential workers. (The holdouts’ republican governors have defended their decisions with belief in small government and personal responsibility, says the New York Times.)
The broad call for social distancing has also highlighted the economic challenges to following safe social distancing guidelines: Wealthy individuals with homes in suburbs can work comfortably from home, while this is virtually impossible for people who live in poverty, with cramped, crowded and uncomfortable spaces, according to Johns Hopkins’ Coronavirus Resource Center.
“Staying at home is a privilege. Social distancing is a privilege,” writes New York Times’ opinion columnist Charles M. Blow. “People can’t empathize with what it truly means to be poor in this country, to live in a too-small space with too many people, to not have enough money to buy food for a long duration or anywhere to store it if they did.”
https://www.forbes.com/sites/alexandrasternlicht/2020/04/06/arrested-for-violating-coronavirus-stay-at-home-mandates-police-are-jailing-alleged-scofflaws/#7f17aece68a4

Xerox Will Mass Produce Disposable Ventilators In Partnership With Vortran

Xerox will mass-produce disposable ventilators in partnership with Vortran Medical Technology in the fight against coronavirus.
The copier giant plans to help Vortran, a small medical-device manufacturer, scale production of its GO2Vent ventilator and related airway pressure monitor, APM-Plus, from approximately 15,000 before the crisis and 40,000 ventilators in April to between 150,000 and 200,000 a month by June. Their goal is to eventually produce as many as 1 million of these ventilators for both the U.S. and global markets.
The GO2Vent, which is disposable and costs approximately $120, is not a replacement for ventilators used in ICUs for the most critically ill patients, but rather a device that can be used for lower- and medium-risk patients to free up those devices for the patients who most need them. The device is gas-operated and can be operated on a compressor, oxygen or air for up to 30 days.
“It is very simple in terms of design and use at emergency response centers and in hospital settings, and it can be manufactured at hyper-scale,” Xerox chief technology officer Naresh Shanker told Forbes.
Shanker said that Xerox CEO John Visentin had pulled together a team of scientists, researchers and engineers in March to figure out how the company could help during the coronavirus crisis. So when Vortran reached out looking to scale up its production, Shanker said, it was a good fit.
Xerox plans to manufacture the devices at its factory outside of Rochester, N.Y., where the company was founded. Vortran will continue to make the ventilators at its facility in Sacramento, California. “We are mobilizing a team to scale out the production lines,” Shanker said. “We are in the process of sorting out materials, ramping up the labor, molding and tooling. We are ramping up everything.”
The partnership is just the latest corporate effort to temporarily up to crank up production to solve the ventilator shortage, following earlier partnerships by Ford and GE Healthcare, and by General Motors and Ventec.
https://www.forbes.com/sites/amyfeldman/2020/04/06/xerox-will-mass-produce-disposable-ventilators-in-partnership-with-vortran-to-fight-coronavirus/#32129d61205a

Zimmer Biomet withdraws guidance due to COVID-19

On a preliminary basis, Zimmer Biomet Holdings (NYSE:ZBH) estimates Q1 revenue to be down 9.5 – 10.5% from a year ago due to declines in elective procedures amid COVID-19, headwinds that, it says, will continue in Q2.
On the working capital front, at the end of 2019 it had $618M in cash and $1.5B available under its credit revolver.
2020 guidance withdrawn.
Final results will be released on May 11.
https://seekingalpha.com/news/3558772-zimmer-biomet-withdraws-guidance-due-to-covidminus-19

Regeneron reworks Praluent agreements with Sanofi

Regeneron Pharmaceuticals (NASDAQ:REGN) announces that it has restructured its Praluent (alirocumab) agreements with collaboration partner Sanofi (NASDAQ:SNY) that, it says, will increase efficiency and streamline operations.
It will have sole responsibility in the U.S. while Sanofi will have sole responsibility ex-U.S. and will pay REGN a royalty on net sales of the PCSK9 inhibitor.
Also, effective January 1, REGN will no longer record reimbursements from collaborators for R&D and SG&A expenses as revenue. Instead, the monies will be netted against the respective expenses. Q1 revenue and operating expenses will be ~$300M lower than under the previous accounting treatment.
Management will release Q1 results on Tuesday, May 5, before the open
https://seekingalpha.com/news/3558806-regeneron-reworks-praluent-agreements-sanofi

Luminex Q1 prelim revenue tops guidance

On a preliminary basis, Luminex (NASDAQ:LMNX) expects Q1 revenues of over $90M, up 10% from a year ago and above guidance of $82M – 84M.
Consensus is a loss/share of ($0.03) on revenues of $82.3M.
Final results and updated guidance will be released on May 11.
Shares ahead 7% after hours.
https://seekingalpha.com/news/3558788-luminex-q1-revenue-tops-guidance-shares-up-7-after-hours

Speeding soars in NYC despite fewer cars on road amid coronavirus

With fewer vehicles on city streets, more drivers are now blowing the speed limit, new data shows.
Big Apple speed cameras caught speeding drivers 180,718 on weekdays between March 5 and March 24, Streetsblog first reported Sunday — a 12.3 percent spike compared to a similar period in January.
The rubber burning is happening despite significantly fewer cars on the road, according to former city official and traffic guru Sam Schwartz.
Schwartz’s firm estimates traffic volumes have dropped 35 to 50 percent since the first week of March — meaning the rate of speeding is possibly double what it was before.
“With less traffic, drivers are getting to their destinations faster than ever — so why speed?” Schwartz said in a release, noting hospitals are already “overloaded” with COVID-19 patients.
https://nypost.com/2020/04/06/speeding-up-in-nyc-despite-fewer-cars-on-the-road-amid-coronavirus/